You can add as much emotional clap-trap as you want. A tax takes away money from an individual and therefore, quite obviously, it is rational to refer to diminishing marginal utility of income (and nonsensical to refer instead, for example, to diminishing marginal utility of wealth)
Originally Posted by Roy L
Nonsense. Taxes are a flow from worker/employer/consumer to government. Bleedin obvious really
A tax payment, by contrast, is a one-time transfer OF a stock, FROM a stock, TO a stock.
Nonsense. You do get yourself in an awful pickle. Diminishing marginal utility of income is merely dependent on the nature of the utility function. Diminishing marginal utility of wealth is typically much more mundane, such as the desperately exciting debate over risk aversion
The diminishing marginal utility of income is itself wholly dependent on diminishing marginal utility of wealth
The curtain, a funeral pall, Comes down with the rush of a storm, While the angels, all pallid and wan, Uprising, unveiling, affirm That the play is the tragedy, 'Man,' And its hero the Conqueror Worm.